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When working with short-term transactions, is a "sale" of securities equivalent to an "exchange" of securities within a common stock family (Amer Funds) for tax purposes?
I am working with qualified dividends and received dividends that were reinvested weeks before the shares were sold. Turbo tax indicates I should back the qualified portion of the dividend out of qualified dividends because the security was not held for the specified period. However, My Edward Jones statement indicates the securities were "exchanged" for an alternate security in the American Funds family. Does this still constitute a "sale" for tax purposes?
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‎April 2, 2021
6:53 PM